Currently, about 26,000 catalytic converters have been stolen in 2022 in the U.S. According to Been Verified, the number of cat converters theft was about 14,300 in 2020 and 65,400 in 2021. Washington has the highest theft rate based on the available information.
A lot of people are asking why the rate of missing or stolen catalytic converters is increasing. The component is built with expensive materials that are worth thousands of dollars on the black market.
If you want to know how much gold is in a catalytic converter then you need to read this informative article to the end because I will explain the worth of gold and other expensive materials in catalytic converters.
What Is The Reason For Using Gold In A Catalytic Converter?
The major reason why gold was used in the catalytic converter was the presence of platinum, rhodium, and palladium in the component.
Gold is used as a catalyst because it is culpable and effective when it comes to neutralizing toxic substances (pollutants) like carbon monoxide, nitrogen oxides, and hydrocarbons in a car’s exhaust emission even before the gas is finally emitted into the atmosphere.
The formula was similar to the process of the roles that platinum, rhodium, and palladium play in the catalytic converter. When the hot catalysts in the converter come into touch with the gaseous contaminants, a chemical reaction occurs.
The chemical reaction is capable of breaking the toxic molecules (carbon monoxide, nitrogen oxides, and hydrocarbons) into less hazardous molecules such as carbon dioxide and water. Before, the emission is released into the air through the car’s exhaust pipes.
But, it is very difficult to find gold in the catalysts in a cat converter in today’s world that’s why platinum, palladium, and rhodium have taken over. But, for gold or other precious metals, these catalysts’ value has not stopped attracting catalytic converter vandals.
So, protecting the catalytic converter by ensuring safety measures around your car is the solution to deter criminals from vandalizing your vehicle’s catalytic converter.
The metals in your car converter are all useful to the perpetrators; all car owners can derive some economic value from the component when any of the metals are recovered from a used converter.
How Much Is The Gold Worth In A Catalytic Converter?
The gold worth in a catalytic converter was worth around $1,717 per ounce in the scrap metal market. But, there is a fluctuation in the metal exchange market with the values; of $1,792.00 per ounce, $57.61per gram, and $57,612.80 per kilo.
Rhodium is worth more and it is valued at $14,450 per ounce, platinum and palladium are valued at $889 per ounce and $2,226 per ounce. These are prices in metal exchange platforms as of 2022.
Nevertheless, selling your old catalytic converter will give you some financial returns from the component instead of discarding it with available precious metal contents.
How To Recover Gold From Catalytic Converters?
Currently, gold is no longer used as a catalyst in car catalytic converters, the process of recovering rhodium could be applied to recover gold. The aqua regia mixture is an effective method for recovering gold from catalytic converters.
The mixture is derived by combining nitric acid and hydrochloric acid. This chemical solution allows anyone to dissolve gold. Immediately after the honeycomb-like structure of the converter is grounded with a rod mill, the byproduct is placed in the aqua regia mixture.
Now it is precipitated out with ferrous sulfide to retrieve the gold in the catalytic converter. This extraction method may be very risky; so it is only designated for professionals in the industry. You can consult an expert to do it perfectly well for you so that you won’t injure yourself in the process of extracting gold from your catalytic converter.
Currently, Platinum, rhodium, and palladium are the available metals in the catalytic converter, you can find out how to recover platinum, rhodium, or palladium from a catalytic converter. You need to understand how extracting platinum from a catalytic converter is pretty much straightforward.
How Much Precious Metals Do You Get Out Of A Catalytic Converter?
At the moment, a standard catalytic converter contains 1 – 2 grams of rhodium, 2 – 7 grams of palladium, and 3 – 7 grams of platinum, respectively. So, if you’re guessing how many grams of precious metals are in a catalytic converter, the amount of precious metals in a catalytic converter depends on the vehicle’s make, model, engine size, and other features.
Currently, the smallest catalytic converter is still a target for catalytic converter thieves in the United States because people know the industrial and commercial usefulness of the metals in the converters, that’s why their resilience in attempting to outsmart a careless car owner.
Most of the top 10 cars targeted by catalytic converter thieves are; the 2005-2021 Chevrolet
Equinox, 2007-2017 Jeep Patriot, 1989-2020 Honda Accord, 1990-2022 Ford Econoline, 1997–2020 Honda CR-V, 1987–2019 Toyota Camry, 2001–2021 Toyota Prius, 1999-2021 Chevrolet Silverado, 2011–2017 Chrysler 200, and 1985-2021 Ford F-Series.
Catalytic converters thieves do not have any problem with where to sell platinum from catalytic converters because they already have buyers for whatever they can recover.
Now you know the value of the gold In a catalytic converter and other related information about it. You will be able to get the golden catalytic converter in your old car and sell it for profit.
Currently, car manufacturers do not use gold for their catalytic converter; they now use other precious metals to replace gold, which are rhodium, palladium, and platinum.
At the moment, a standard catalytic converter contains 1 – 2 grams of rhodium, 2 – 7 grams of palladium, and 3 – 7 grams of platinum.
You can check your old car’s catalytic converter to get the gold in it. Likewise, you can make a lot of money from available precious metals which are used as gold alternatives if you own a new car.